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DUBAI / WAM Nakheel Malls, the retail arm of master developer Nakheel, has launched its data transformation initiative as part of a customer-centric strategy to benefit retailers and customers across Nakheel Malls’ assets. Using machine-learning algorithms and artificial intelligence-enabled data products, the fully governed, advanced platform provides key insights to more than 3,000 tenants by studying retail habits, purchases and ...

ABU DHABI / WAM Kim Young-ju, Chairman of the Korea International Trade Association (Kita), stated that the UAE and South Korea have had solid bilateral relations since the start of their diplomatic ties in the early 1980s, adding that the two friendly countries established a strategic partnership in 2018 during the official visit of Moon Jae-in, President of South Korea, ...

DUBAI / WAM Dubai South announced that its Business Park succeeded in attracting 650 new companies as well as leasing of 945,488 square feet of space in 2020 despite the challenging times. In light of the impact of Covid-19 on the business landscape last year, Dubai South realigned its offerings and rolled out an array of stimulus packages to support ...

Bloomberg The UK power market is showing signs of strain. For the fourth time this winter National Grid Plc warned that the buffer needed to ensure security of supply and keep the lights on was too small. While the UK has made swift progress on switching from fossil fuels to renewables, this is the downside to cleaning up its energy ...

Bloomberg The crash of Sriwijaya Air Flight 182 is another blight on Indonesia’s already poor aviation safety record. The country has had several incidents linked to safety issues in the past, including poor maintenance, pilot training, communications or mechanical failures and air-traffic control problems. It’s the worst place in Asia to take an airplane, with 104 accidents and 2,353 related ...

Bloomberg Singapore’s government plans to create urgent legislation to formalise the use of virus contact-tracing data in investigations of serious crimes. Legislation will be introduced in the next sitting of parliament in February to limit the use of the data to probes of seven categories of serious crimes, the Smart Nation and Digital Government Office said in a statement. Those ...

Bloomberg Global demand for Chinese goods has been so strong recently it’s creating a shortage of containers and driving up shipping costs, potentially impeding the nation’s exports in coming months. Exports have been on a tear since July last year, fuelled by pandemic-related purchases like medical masks and work-at-home equipment, including computers. Imports haven’t been growing at nearly the same ...

Bloomberg India will kick start one of the world’s largest coronavirus inoculation campaigns, aimed at stemming the spread of a disease that has infected 10.4 million people within its borders and plunged its economy into recession. Starting January 16, the South Asian nation will start administering the first shots of a Covid-19 vaccine on nearly 30 million healthcare workers and ...

Bloomberg Banned from social media and abandoned by some staff after inciting a riot at the US Capitol, President Donald Trump and a dwindling circle of advisers plan a defiant final week in office, according to people familiar with the matter. Trump is confident Vice President Mike Pence and members of his cabinet won’t attempt to remove him under the ...

DUBAI / WAM Infrastructure projects valued at AED 10 billion are currently underway along the East Coast of the UAE, said Suhail bin Mohammed Al Mazrouei, Minister of Energy and Infrastructure. The project are part of the 2018-23 five year plan, which includes the ministry’s investment programme and the projects undertaken by the Follow up Committee of the Initiatives of ...